Common use of Procedure for taking Clause in Contracts

Procedure for taking. possession - The Promoter, upon obtaining the completion certificate* from the competent authority shall offer in writing the possession of the Designated Apartment, to the Allottee in terms of this Agreement to be taken within two months from the date of issue of completion certificate, Provided that, in the ab- sence of local law, the delivery of possession and execution of conveyance deed in favour of the allottee shall be simultaneously carried out by the Promoter within 3 months from the date of issue of completion certificate Provided the Allottee takes such possession and pays the Total Price, Stamp duty, registration charges etc., and gets the conveyance registered in his favour. The Promoter agrees and undertakes to indemnify the Allottee in case of failure of fulfillment of any of the provisions, for- malities, documentation on part of the Promoter. The Allottee, after taking posses- sion, agree(s) to pay the maintenance charges as determined by the Promoter/asso- ciation of allottees, as the case may be, after the issuance of the completion certifi- cate for the project. The Promoter shall hand over the copy of the completion certifi- cate of the Designated Apartment, as the case may be, to the Allottee at the time of conveyance of the same.

Appears in 2 contracts

Samples: Draft for Approval, Agreement for Sale

AutoNDA by SimpleDocs

Procedure for taking. possession - possession- The Promoter, upon obtaining the completion certificate* occupancycertificate (which may be partial) from the competent authority shall offer in writing the possession of the Designated said Apartment, to the Allottee Allottee(s) in terms of this Agreement to be taken within two 2 (two) months from the date of issue of completion occupancy certificate, . Promoter shall give possession of the Apartment/Flat subject to the Allottee paid all their dues and comply with obligations.Provided that, in the ab- sence of local law, the delivery of possession and execution of conveyance deed in favour favor of the allottee Allottee shall be simultaneously carried out by the Promoter within 3 three months from the date of issue of completion occupancy certificate Provided the upon payment of Allottee takes such possession stamp duty and pays the Total Priceregistration charges, Stamp duty, registration charges etc., and gets the conveyance registered in his favourlegal expenses. The Promoter agrees and undertakes to indemnify the Allottee Allottee(s) in case of failure of fulfillment of any of the provisions, for- malitiesformalities, documentation on part of the Promoter. The AllotteeAllottee(s), after taking posses- sionpossession, agree(s) to pay the maintenance charges as determined by the Promoter/asso- ciation Association of allotteesAllottees, as the case may be, after the issuance of the completion certifi- cate certificate for the projectProject. The Promoter shall hand over the handover copy of the completion certifi- cate occupancy certificate of the Designated ApartmentApartment/ Flat, as the case may be, to the Allottee at the time of conveyance of the samesame at the Allottees cost and expenses.

Appears in 1 contract

Samples: Agreement for Sale

Procedure for taking. possession - The Promoter, upon obtaining the completion certificate* from the competent authority shall offer in writing the possession of the Designated Apartment, to the Allottee in terms of this Agreement to be taken within two months from the date of issue of completion certificatecompletioncertificate, Provided that, in the ab- sence absence of local law, the delivery of possession and execution of conveyance deed in favour of the allottee shall be simultaneously carried out by the Promoter within 3 months from the date of issue of completion certificate Provided the Allottee takes such possession and pays the Total Price, Stamp duty, registration charges etc., and gets the conveyance registered in his favour. The Promoter agrees and undertakes to indemnify the Allottee in case of failure of fulfillment of any of the provisions, for- malitiesformalities, documentation on part of the Promoter. The Allottee, after taking posses- sionpossession, agree(s) to pay the maintenance charges as determined by the Promoter/asso- ciation association of allottees, as the case may be, after the issuance of the completion certifi- cate certificate for the project. The Promoter shall hand over the copy of the completion certifi- cate certificate of the Designated Apartmentapartment/plot, as the case may be, to the Allottee at the time of conveyance of the same.

Appears in 1 contract

Samples: Agreement for Sale

AutoNDA by SimpleDocs

Procedure for taking. possession - possession- The Promoter, upon obtaining the completion certificate* occupancy certificate (which may be partial) from the competent authority shall offer in writing the possession of the Designated said Apartment, to the Allottee Allottee(s) in terms of this Agreement to be taken within two 2 (two) months from the date of issue of completion occupancy certificate, . Promoter shall give possession of the Apartment/Flat to the Allottee it allottee paid all their dues and comply with obligations. Provided that, in the ab- sence of local law, the delivery of possession and execution of conveyance deed in favour favor of the allottee Allottee shall be simultaneously carried out by the Promoter within 3 three months from the date of issue of completion occupancy certificate Provided the upon payment by Allottee takes such possession stamp duty and pays the Total Priceregistration charges, Stamp duty, registration charges etc., and gets the conveyance registered in his favourlegal expenses. The Promoter agrees and undertakes to indemnify the Allottee Allottee(s) in case of failure of fulfillment of any of the provisions, for- malitiesformalities, documentation on part of the Promoter. The AllotteeAllottee(s), after taking posses- sionpossession, agree(s) to pay the maintenance charges as determined by the Promoter/asso- ciation Association of allotteesAllottees, as the case may be, after the issuance of the completion certifi- cate certificate for the projectProject. The Promoter shall hand over the handover copy of the completion certifi- cate occupancy certificate of the Designated ApartmentApartment/ Flat, as the case may be, to the Allottee at the time of conveyance of the samesame at the Allottees cost and expenses.

Appears in 1 contract

Samples: Agreement for Sale

Time is Money Join Law Insider Premium to draft better contracts faster.